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what did traders seem to say as you were getting comments from reid, pelosi, boehner and mcconnell? >> trading's so low on the lower end of the trading range, i mentioned yesterday, scott, 1340. we flirted with it today. 1343 the low in the cash. we bounced from there. bounce levels are 1370, 1395. the fact that we're just shy of that, just means that everyone is a little suspect of what's truly going to happen once these fiscal cliff dialogues ratchet up. i would be a seller of these bounces. >> what a significant pop seeing in the stock market, guys. throw up the dow industrials on an intraday. in fact, throw up all three intraday charts because you're going to see quite a dramatic reversal. the dow industrials up 48 points. highs of the day, again, down 50 to 60 points or so as the wraps wrapping up and positive comments of the leaders in the room with the president today. unless you have a rally on wall street and let's get to washington to the north lawn of the white house where john harwood is. this seemed to go as well as one could hope thus far, at least. >> reporter: i thin
what did traders seem to say as you were getting comments from reid, pelosi, boehner and mcconnell? >> trading's so low on the lower end of the trading range, i mentioned yesterday, scott, 1340. we flirted with it today. 1343 the low in the cash. we bounced from there. bounce levels are 1370, 1395. the fact that we're just shy of that, just means that everyone is a little suspect of what's truly going to happen once these fiscal cliff dialogues ratchet up. i would be a seller of these...
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Nov 9, 2012
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and one of the other key players is mitch mcconnell. what is the dynamic there do you think? >> i think the president, first time i'm talking about the mutual background on capitol hill, the president may be at a point where he has gotten obama care, which is clearly now not going to be repealed, he has created a bigger government in the direction he wants to go in. and he may want to consolidate and having lived through two solid years of not getting anything done, he may decide he doesn't want to spend four years. the odds are very high the republicans will keep the house in 2014. does he really want four years of gridlock or does he want to take a big step, which is a gamble, open the door, sit down and have genuine conversations? and frankly, as he appoints some new cabinet officers, find some republicans that could serve in the cabinet, in a serious way, that would join ray la hood. he has really been sort of isolated as the secretary of transportation. >> we've seen some comments from both sides and yes we want to try to come up with an agreement, we want to try to exte
and one of the other key players is mitch mcconnell. what is the dynamic there do you think? >> i think the president, first time i'm talking about the mutual background on capitol hill, the president may be at a point where he has gotten obama care, which is clearly now not going to be repealed, he has created a bigger government in the direction he wants to go in. and he may want to consolidate and having lived through two solid years of not getting anything done, he may decide he...
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Nov 9, 2012
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. >> and i said this, mcconnell no longer wakes up and goes to sleep thinking i'm going to make this guy a one-termer and obama no longer thinks -- >> i hope you're right. >> he doesn't need to be reelected and mcconnell, the republicans don't need to keep him from being -- so both sides are in a position, that's what you're saying. >> joe, neither you nor i are as rich as governor romney so we can't bet $10,000 but i bet $1. >> wait a second. that's a cheap shot and i am nowhere near as rich but i'll bet you, i don't have to double what you're worth to get to romney. >> i don't -- >> see! >> ralph we cut you off before, you said there were three bs, the first was big, the second was balance. >> the second was balance between taxes and here again, let's talk a little bit about balance first, okay? because you have this massive schism between what's balanced. if you look at 2:1 or 3:1 or 4:1. >> in terms of spending cuts versus revenue raised. >> spending cuts versus revenue raised, 2:1 to 3:1, sounds like a massive gap. if it's 2:1, it's two-thirds expense reductions and one-third ta
. >> and i said this, mcconnell no longer wakes up and goes to sleep thinking i'm going to make this guy a one-termer and obama no longer thinks -- >> i hope you're right. >> he doesn't need to be reelected and mcconnell, the republicans don't need to keep him from being -- so both sides are in a position, that's what you're saying. >> joe, neither you nor i are as rich as governor romney so we can't bet $10,000 but i bet $1. >> wait a second. that's a cheap shot...
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Nov 8, 2012
11/12
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certainly i thought senator mcconnell unfortunately didn't sound the same, positive note that the others did but look, the president made very clear that he is prepared to sit down across the aisle. in fact started calling republican colleagues. i've been part of, for a year and a half a group of six, it's now a group of eight. we have been working steadily, and there are other groups working. i believe our colleagues if they're prepared to act, will have options to consider when they return. >> i'm just wondering and senator, do you think it's possible that we don't have to -- will the democrats agree not to get to 39.2, is there something else they'd accept, some other way of revenue raising where that top marginal rate doesn't go back, that seems to be something that, ever since the president compromised that first time, it's like it's been set in stone they could never compromise again or the base will just say that he broke his promise. >> you know, there is more than one way to bell the cat, so why are people so fixed on 39.6? it's because of progressivity within the code. you can
certainly i thought senator mcconnell unfortunately didn't sound the same, positive note that the others did but look, the president made very clear that he is prepared to sit down across the aisle. in fact started calling republican colleagues. i've been part of, for a year and a half a group of six, it's now a group of eight. we have been working steadily, and there are other groups working. i believe our colleagues if they're prepared to act, will have options to consider when they return....
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Nov 16, 2012
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the question is, can boehner and mcconnell bring republicans? >> we are on the lookout for those who are going to be leaving the meeting in the hour or so to come and getting a clue as today has gone, we'll bring it to you. europe is about to close. we'll get the details and how it might affect the afternoon session with the dow still in the red. what makes the sleep number store different? you walk into a conventional mattress store, it's really not about you. we have so much technology in our store to really show the customers what's going on with their bodies. you can see a little more pressure in the shoulders and in the hips. ... now you can feel what happens as we raise your sleep number setting and allow the bed to contour to your individual shape. oh, wow. that feels really good. at sleep number we've created a collection of innovations dedicated to individualizing your comfort. the sleep number collection, designed around the innovative sleep number bed - a bed with dualair technology that allows you to adjust to the exact comfort your
the question is, can boehner and mcconnell bring republicans? >> we are on the lookout for those who are going to be leaving the meeting in the hour or so to come and getting a clue as today has gone, we'll bring it to you. europe is about to close. we'll get the details and how it might affect the afternoon session with the dow still in the red. what makes the sleep number store different? you walk into a conventional mattress store, it's really not about you. we have so much technology...
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Nov 9, 2012
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mcconnell does not see it that way. on the political wire the romney's campaign would have could have should have transition website today. surely, this was not supposed to go live until mr. romney actually won the election. the campaign did not wait. they presumably accidentally put it up, a transition website for president-elect romney, how to apply for a job with the new romney administration. looks like because they screen shot it before they finally did take it down, looks like the romney folks had a transition motto all ready to go, a slogan, repeated slogan on the website is smaller, simpler, smarter. when republican speaker of the house john boehner gave his first post election press conference what he thought should happen in this country given the results of the election almost like he thought he was speaking in the context of president-elect romney and smaller simpler smaller branded transition. >> by working together and creating a fairer simpler cleaner tax code, moving to fairer simpler system energized by
mcconnell does not see it that way. on the political wire the romney's campaign would have could have should have transition website today. surely, this was not supposed to go live until mr. romney actually won the election. the campaign did not wait. they presumably accidentally put it up, a transition website for president-elect romney, how to apply for a job with the new romney administration. looks like because they screen shot it before they finally did take it down, looks like the romney...
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Nov 8, 2012
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mcconnell less so. mcconnell has a political squeeze happening on him because he's up for re-election in 2014. two things he's worried about. one is a primary challenge. two, ben chandler, great grandson of happy chandler, long time kentucky democratic name lost. suddenly doesn't have a house seat anymore. he might be looking for something to run for in 2014. >> how about ashley judd? >> well, i've heard the ashley judd rumor. i've also heard her running for governor of tennessee, which democrats are trying to get her to run for. i think ashley judd wants to run for office. that's a serious piece of speculation that's been circulating in kentucky. but -- so mcconnell has to play bad cop here. how is the white house going to respond, push back on this? clearly boehner and mcconnell are trying to say, okay, we're going to start in the most -- the most conservative position we can find, even on this day where essentially our side lost and see how the white house reacts. >> a stunning morning, stunning morn
mcconnell less so. mcconnell has a political squeeze happening on him because he's up for re-election in 2014. two things he's worried about. one is a primary challenge. two, ben chandler, great grandson of happy chandler, long time kentucky democratic name lost. suddenly doesn't have a house seat anymore. he might be looking for something to run for in 2014. >> how about ashley judd? >> well, i've heard the ashley judd rumor. i've also heard her running for governor of tennessee,...
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combine that on the other side with mcconnell as michael just pointed out and you have is there still a grover norquist impact, or has that evaporated or gone by the election? does that still exist, that pressure on republicans that sid signed in pledge. >> grover publicly stated that the american people did not vote for an increase in taxes. that they kept republicans in the house and the senate to stop any tax increases. so, of course, the pressure continues. john boehner is dealing tw two tensions. he's trying to explain to his conference they have to increase leverage. they don't want to see a middle class tax hike as a result of them standing firm on all the brackets and then us going over the cliff and them being blamed. a political fight that would bruise them through 2013 and into '14, the year they want to pick up a majority in the senate and consolidate their majority in the house and look to the white house in 2016. so he's trying to convince them of the longer view while dealing with the fact many of them are extremely frustrated. they don't believe obama has a mandate, an
combine that on the other side with mcconnell as michael just pointed out and you have is there still a grover norquist impact, or has that evaporated or gone by the election? does that still exist, that pressure on republicans that sid signed in pledge. >> grover publicly stated that the american people did not vote for an increase in taxes. that they kept republicans in the house and the senate to stop any tax increases. so, of course, the pressure continues. john boehner is dealing tw...
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Nov 9, 2012
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by the way, ultimately neither does baron or mcconnell. we are watching all of the prolific spending, the irresponsibility come crashing down around our heads. the markets cannot suffer much more of the irresponsibility. the i am pennsylvania maturity and the nonsense. we cannot continue to pay all of these bills. we are talking about a reckoning that is at hand. we call it the fiscal cliff taint's here. shannon: we can only hope the men and women of washington will come to the table and act like adults and think of country more than anything else. >> even if they don't do that the markets and the fiscal reality will bring them by the name -- bythe napes of their ne. what we have to hope is it happens before the markets crash in disappointment. shannon: when my parents found out i overextend my credit card in college. that didn't go away. lou dobbs, great to see you. >> reporter: i'll about it wasn't more than $5 or $10. >> we have taken a step forward. we are going to send a message around the world that marijuana prohibition has failed.
by the way, ultimately neither does baron or mcconnell. we are watching all of the prolific spending, the irresponsibility come crashing down around our heads. the markets cannot suffer much more of the irresponsibility. the i am pennsylvania maturity and the nonsense. we cannot continue to pay all of these bills. we are talking about a reckoning that is at hand. we call it the fiscal cliff taint's here. shannon: we can only hope the men and women of washington will come to the table and act...
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. >> mitch mcconnell and john boehner are heading into a budget summit meeting. you have 30 seconds to whisper in their ear. >> i thought you said you were going to go easy on me today. [laughter] can we keep going on like we have in the last several years? no. does that mainly have to do everything president obama wants them off -- that president obama wants? no. look at what are the ways to deal with that and what the composition of the election is looking at and what they want and how we can do some kind of compromise and still maintain our conservative principles. that is who we are as a party. >> ok, margie. your turn. you have harry reid's year or nancy pelosi or the president's here. 30 seconds. they are walking into the room. what is the one thing you would want them to know? >> one is getting tough when the republicans tried to fight compromise. been tough in a way that demonstrates and exposes -- being tough in a way the democrats -- demonstrates and exposes who is coming to the table. use language does not sound overly processy and overly wonky. there
. >> mitch mcconnell and john boehner are heading into a budget summit meeting. you have 30 seconds to whisper in their ear. >> i thought you said you were going to go easy on me today. [laughter] can we keep going on like we have in the last several years? no. does that mainly have to do everything president obama wants them off -- that president obama wants? no. look at what are the ways to deal with that and what the composition of the election is looking at and what they want...
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in kentucky and mcconnell back j. grayson and rand paul won, so it caused a little problems and people were upset with him. but he has done a lot of work over the past two years to really hug rand paul so close to him, and he has let rand paul do just about whatever he wants to do on the senate floor. when rand paul says i want to go on the floor and cause a big stink about something, mitch mcconnell says, go right ahead. i am not going to try to stop you. and he is really sure of -- mitch mcconnell is such a talented's -- politician. he is so smart. and in my opinion i think he has done everything he could possibly do to prevent someone from having any -- even if somebody wanted to challenge him from the right, i think he has done about as he could possibly do to keep them at bay. >> of course, the other aspect of leadership transition in congress will be changes on the committees. you are a handy guide. -- should probably avert some of this to the question and answer period, and hopefully you will not feel limited t
in kentucky and mcconnell back j. grayson and rand paul won, so it caused a little problems and people were upset with him. but he has done a lot of work over the past two years to really hug rand paul so close to him, and he has let rand paul do just about whatever he wants to do on the senate floor. when rand paul says i want to go on the floor and cause a big stink about something, mitch mcconnell says, go right ahead. i am not going to try to stop you. and he is really sure of -- mitch...
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Nov 16, 2012
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neil: the speaker, mcconnell, harry reid, nancy pelosi. >> one congressional aide told me, it sounds like this early in the process, believe it not, talking about early in the process even though the fiscal cliff to six weeks away, probably get a lot of nodding to my throat clearing, declarations about what we have heard of the last week which is a reiteration of the same position. by the way, congress is not in next week. neil: by the way, is this a lunch? >> this is a bronze, i think. neil: food tasters. what does the market do? >> i am worried about irreparable damage. it is one thing to talk about a short-term gain, long -- short-term pain, long-term gain. at some point you have to look at the markets, you have to look at employment, the number of people in poverty and food stamps, and that could all be really bad in the months that followed. neil: all right. in the meantime, have a lovely evening. we will be following it. 4g lte is the fastest. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obvio
neil: the speaker, mcconnell, harry reid, nancy pelosi. >> one congressional aide told me, it sounds like this early in the process, believe it not, talking about early in the process even though the fiscal cliff to six weeks away, probably get a lot of nodding to my throat clearing, declarations about what we have heard of the last week which is a reiteration of the same position. by the way, congress is not in next week. neil: by the way, is this a lunch? >> this is a bronze, i...
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do you think the president needs a beer summit, mitch mcconnell, john boehner? the three get together and figure out how to work together. >> we need to get everybody in the room. everybody should be at the table, and everything should be on the table, and the time is now to do that. >> my power panel, thanks so much, gentlemen. i appreciate your insights. coming up in just a few minutes, i'm going to have a chance to talk to dnc chairwoman, congresswoman debbie waserman schultz will join us. >>> congresswoman gabby giffords will come face to face with the shooter who nearly took her life and the lives of 11 others. >>> why are we waiting on florida once again? we're going to talk to debbie wasserman schultz about her home state. president obama reelected. what should be the first thing on his agenda? . ♪ 99 bushels of wheat on the farm...99 bushels of wheat! ♪ [ male announcer ] yep, there's 8 layers of whole grain fiber in those mini-wheats® biscuits... to help keep you full... ♪ 45 bushels of wheat on the farm. 45 bushels of wheat! ♪ ...all morning l
do you think the president needs a beer summit, mitch mcconnell, john boehner? the three get together and figure out how to work together. >> we need to get everybody in the room. everybody should be at the table, and everything should be on the table, and the time is now to do that. >> my power panel, thanks so much, gentlemen. i appreciate your insights. coming up in just a few minutes, i'm going to have a chance to talk to dnc chairwoman, congresswoman debbie waserman schultz...
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the person who's taking a harder stance is mitch mcconnell. let's listen to what he says from the senate side. >> we don't happen to think the government needs more revenue. the government spends too much as it is. if democrats are willing to reduce spending and strengthen entitlement programs, which we all know are on an unsustainable path that threatens our own long-term viability and the economic well-being of our children and grandchildren, then we'll be there. what we won't do is raise tax rates. >> okay. so read the fine print. raise tax rates. now, there's a difference between raising tax rates and raising revenue, making people pay more by doing things which the republicans have suggested like, you know, capping loopholes or capping deductions, reducing deductions and that type of thing. so there is some type of room. right now, you know, you do have the sides going in a pretty hard position. >> the president's also under some pressure from his left flank. in the debt ceiling negotiations, a lot of people forget he seemed willing to tr
the person who's taking a harder stance is mitch mcconnell. let's listen to what he says from the senate side. >> we don't happen to think the government needs more revenue. the government spends too much as it is. if democrats are willing to reduce spending and strengthen entitlement programs, which we all know are on an unsustainable path that threatens our own long-term viability and the economic well-being of our children and grandchildren, then we'll be there. what we won't do is...
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Nov 9, 2012
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mitch mcconnell made a statement saying the voters have not endorsed the failures or successes, simply given him more time to finish the job they asked him to do, together with a congress that restored balance to washington after two years of one-party control. now, not so fast. the actual number of votes cast for house seats favored the democrats by a half a million votes. this is no man dade for house republicans, but of course they're trying to swing a big stick again. there's a reason. republicans were able to capture more house seats with a majority of the vote. for example, look at pennsylvania in 2008. take a good look. where is the red? a lot of blue district, right? take a look at pennsylvania in 2012. wow. what happened? there's a lot more red. it's because democratic districts have been jerry mandered into unwinnable seats. you know, those republicans are pretty slick. reliability blue districts in the southwestern and southeastern part of pennsylvania were combined into comfortable red districts. real clear politics reported that last year pennsylvania underwent the gerryma
mitch mcconnell made a statement saying the voters have not endorsed the failures or successes, simply given him more time to finish the job they asked him to do, together with a congress that restored balance to washington after two years of one-party control. now, not so fast. the actual number of votes cast for house seats favored the democrats by a half a million votes. this is no man dade for house republicans, but of course they're trying to swing a big stick again. there's a reason....
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but i can say with in the senate, both harry reid and mitch mcconnell are friends of mine. both are dedicated to the institution, and both are very good dealmakers. neil: you just read my next point. he has just been reelected. of course. >> the president has to make the fiscal cliff and the long-term sustainability of our fiscal policy is the number one priority. i don't know, but it has to be. because of it's not, it's going to go in and for the next four years. >> i think it would be playing russian roulette so you can improve your leverage. neil: everything explodes. >> i believe he will negotiate in good faith -- he did so about a year ago. the president, i would have hoped, would have endorsed the simpson-bowles proposal. what i would like to see him be gone in the lame-duck session, and i hope his republican friends will join is having a default position. they are not going to solve the problems soon. >> but it will be an agreements between the two parties? >> it is not a calamity if they don't agree. [talking over each other] [talking over each other] neil: senator
but i can say with in the senate, both harry reid and mitch mcconnell are friends of mine. both are dedicated to the institution, and both are very good dealmakers. neil: you just read my next point. he has just been reelected. of course. >> the president has to make the fiscal cliff and the long-term sustainability of our fiscal policy is the number one priority. i don't know, but it has to be. because of it's not, it's going to go in and for the next four years. >> i think it...
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Nov 13, 2012
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wednesday, the business community and friday, there's a meeting with harry reid, mitch mcconnell, house speaker john boehner and nancy pelosi. so, will we get a deal? one man getting a lot of attention is erskine bowles. did you ever think your name would be part of pop culture? you are the bowles in simpson bowles. >> better be simpson bowles than bowles simpson since everybody knows him by his initials here in washington. >> so, when you talk about things, sacred cows, untouchables, whatever the word might be, in your proposal, the one paul ryan decided not to back, the one barack obama decided not to back, you had an increase in the federal gasoline tax. caps on mortgage interest. charitable donations and retirement contributions. these were all top choices. you also increased the eligibility age for medicare and social security. reduced benefits for wealthier seniors. some of those things average democrats and republicans say they agree on, other, they loathe them. is there anything that should be untouchable? >> the problems are real, no easy way out. we've got to come up with at l
wednesday, the business community and friday, there's a meeting with harry reid, mitch mcconnell, house speaker john boehner and nancy pelosi. so, will we get a deal? one man getting a lot of attention is erskine bowles. did you ever think your name would be part of pop culture? you are the bowles in simpson bowles. >> better be simpson bowles than bowles simpson since everybody knows him by his initials here in washington. >> so, when you talk about things, sacred cows,...
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senate republican leader mitch mcconnell lost ground in the election, but he posed for the cameras with the three new senators who will be joining his side of the aisle in january. in the house, minority leader nancy pelosi beamed as she presented the new faces adding to democratic ranks in the coming congress. gi given what awaits these new lawmakers in january, you might wonder why they want the job. it's still not clear whether a lame duck session of congress will navigate the expiring tax breaks and automatic spending cuts that make up the fiscal cliff. the president met privately with labor leaders to discuss options for the fiscal cliff. tomorrow, he will caucus with c.e.o.s from companies like wal-mart, g.e. and bank of america. it all leads up to friday when the president sits down with congressional leaders at the white house to begin the real negotiations, and both sides enter those talks claiming a mandate to protect the principals the voters endorsed at the ballot box. >> darren gersh is with us tonight from our washington, d.c. bureau, where a week after election day here.
senate republican leader mitch mcconnell lost ground in the election, but he posed for the cameras with the three new senators who will be joining his side of the aisle in january. in the house, minority leader nancy pelosi beamed as she presented the new faces adding to democratic ranks in the coming congress. gi given what awaits these new lawmakers in january, you might wonder why they want the job. it's still not clear whether a lame duck session of congress will navigate the expiring tax...
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Nov 16, 2012
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>>. >> i think senator mcconnell needs to take another look at the report. i severed on that commission. a reduction of $4 trillion came from revenue. it was in the range of $1.6 trillion. >> you talk about 1.6 trillion. there's ways to get there in ways that don't necessarily raise tax rates. you could cap deductions at $35,000 and have the estate tax go back to where it was and get $1.3 million. i'm simply making the point there's a loft ways to get there that don't involve raising tax rates. is that a compromise you'd ever consider? >> you're right, but i think what the president's trying to say is is let's protect working families. those making less than $250,000 a year. no tax increase for them. those making over that amount should pay more in taxes and i think if they've been blessed with success in this great nation, it's not too high a price to ask. we believe this needs to be part of it. it isn't the only part, but an important part is that we have revenue from those who can afford to pay. we can do it either through the rates or deductions in the c
>>. >> i think senator mcconnell needs to take another look at the report. i severed on that commission. a reduction of $4 trillion came from revenue. it was in the range of $1.6 trillion. >> you talk about 1.6 trillion. there's ways to get there in ways that don't necessarily raise tax rates. you could cap deductions at $35,000 and have the estate tax go back to where it was and get $1.3 million. i'm simply making the point there's a loft ways to get there that don't involve...
WHUT (Howard University Television)
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. >> you have always asked that question, except to match mcconnell. >> the now former republican candidate mitt romney is under scrutiny for a leaked recording discussing president of them supporters. and a conference call with donors, romney blamed his loss on obama's so-called diaz to various groups including african-americans and hispanics. >> the president's campaign focused on certain members of his base coalition, give them extraordinary financial gifts from the government, and then worked very aggressively to turn them out to vote. >> romney went on to include young people and college students in his list saying -- romney's comments come days after his running mate, wisconsin congressmember paul ryan, talked of obama's victory to the president's strength in "urban areas." some top republicans are already distancing themselves from romney's remarks. speaking to reporters wednesday night, louisiana governor bobby jindal called romney's statements "absolutely wrong," adding "we have got to stop dividing american voters." bobby jindal has just become the head of the republican governors
. >> you have always asked that question, except to match mcconnell. >> the now former republican candidate mitt romney is under scrutiny for a leaked recording discussing president of them supporters. and a conference call with donors, romney blamed his loss on obama's so-called diaz to various groups including african-americans and hispanics. >> the president's campaign focused on certain members of his base coalition, give them extraordinary financial gifts from the...
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anybody who knows senator mcconnell and reid knows that. they're both very good at what they do, and outmaneuvering one another, which raises the question, with no personal relationship and they're so politically far apart and beholden to their interests in the party, why should we expect that compromise will happen? >> i think that the future of the party, republican party very much depends on getting away from this view held by some in the public that they're just obstructionists. the other thing is that there are just too many things that are really important. like the bond rating, for example. there's a lot of talk now that if they don't work something out, we're likely to use another aaa bond rating, which costs the american taxpayer even more money. just too many things that have to be worked out. i think the main message from the election is we want you people to get together and do it. >> and business leaders saying fix it. >> but it's also a bit like -- nothing focuses the concentration like the feeling of the hangman's noose. and
anybody who knows senator mcconnell and reid knows that. they're both very good at what they do, and outmaneuvering one another, which raises the question, with no personal relationship and they're so politically far apart and beholden to their interests in the party, why should we expect that compromise will happen? >> i think that the future of the party, republican party very much depends on getting away from this view held by some in the public that they're just obstructionists. the...